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-0.000795386756810529 -6.6282229734148E-05 0.000198846689202632 0.000927951216279014 0.00311526479750778 -0.00271757141910252 -0.00629681182474971 -0.0194869755418572
Stock impact report

Jim Cramer Discusses Trump Interest Rate Cap & Affirm (AFRM) [Yahoo! Finance]

Affirm Holdings, Inc. - Class A (AFRM) 
Company Research Source: Yahoo! Finance
Affirm Holdings, Inc. (NASDAQ:AFRM) is a financial technology company that is primarily known for providing Buy Now, Pay Later services. The shares are down 2.9% year-to-date. January saw significant volatility in the payments and financial technology stocks after President Trump suggested a 10% APR cap for credit cards. After Trump's remarks, financial firm Mizuho commented that BNPL companies like Affirm Holdings, Inc. (NASDAQ:AFRM) could benefit as banks tighten their lending criteria and consumers shift towards alternative financing companies. Before the President's remarks, Wolfe Research had initiated coverage of the stock in December, set a Peer Perform rating and a $72 to $82 range for the share price. A key theme in Wolfe's coverage was APR loans, as it pointed out that Affirm Holdings, Inc. (NASDAQ:AFRM) was growing its presence in the 0% APR loan market. Cramer has regularly discussed the firm and praised its performance. After the Trump suggestion, he commented that Affir Show less Read more
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